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GE Healthcare (General Electric Corp° )
- Finance Manager – EMEA Manufacturing & Supply Chain Operations
2007 - maintenant
Key Data:
- Supporting Global Product Lines for Mammography, Vascular, XRay Tubes, Magnets & Nuclear diagnostic equipments
- 4 Manufacturing Plants in France, Hungary, UK, Israel; 1 European Warehouse; 2,800 Headcount / Multi-sites
- France: $1.5 Billions revenue entity – most important GE Healthcare platform outside the USA (Plant, EMEA HQ, Distribution, Svc)
- Business Responsibility: R&D, New Products, Fulfillment, Sourcing, Manufacturing, Supply Chain-Logistic, Infrastructures
- Statutory Responsibility: Inventory ($350M), Fixed Assets ($250M), Account Payables ($50M), Tax (R&D tax credit & property tax), Internal Sales ($900M)
- Managing a team of 48 headcount (France, Hungary, UK, Israel & 2 Shared Services centers (Hungary, India))
Main Achievements:
• Strategic support to EMEA Manufacturing & Supply Chain organizations to drive operating performance & profitable growth, leading efforts to ensure superior finance business support as well as strict compliance with regulatory standards & internal policies
• Substantial productivity improvement over ’07-’11: -9%/year on variable costs, -13%/year on base costs productivity, -4%/year on sourcing deflation
• Implementation of better forecasting/tracking tools for manufacturing variances ($-20M/year), inventory & transportation costs
• Forecasting, Closing & Reporting sessions: supervision & coordination; implementation of consistent operating mechanisms across the Supply Chain Finance organization improving data visibility & predictability
• IT: lead cross-functional projects to drive simplification throughout the organization & to improve rigor in key Finance processes, reducing costs & improving profitability
• Controllership: promoting compliance & integrity through US-GAAP, Sarbanes-Oxley testing, pre-closes, quarterly account reconciliations; reviews with External Auditors & Corp. Audit Staff
• Tax optimization: roll-out of R&D tax credit (from $3.9M in ’06 up to $13.5M in ’11), VAT & Property tax adjustment
• Organized a Fixed Asset Physical Inventory in ‘08 for the French Legal entity ($250M; 12,000 assets)
• Cash Management: leading Working Capital Improvement on Payables ($50M) & Inventories ($350M)
• Account Payables: implementation of a pan-European A/P platform involving off-shore shared service centers
• LEAN-6 Sigma Black Belt
• Training non-finance people on financial concepts & measurement system
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GE Healthcare (General Electric Corp° )
- Finance, Planning & Analysis Manager – EMEA Distribution Consolidation
2005 - 2007
Management of a $2B P&L growing 12% (44 countries – 11 currencies impacting results)
6 direct reports - 10 quarterly closings
• Led the full planning cycles for EMEA (Budgeting – Forecasting – Closing – Reporting)
• Worked with finance managers & business leaders to understand & drive growth improvement opportunities & tight cost management
• Consolidating & challenging upstream P&L’s, advising business leaders on risks & opportunities, building contingency plans, running arbitration among the P&L/Region matrix management system,
• Reporting results to Corporate HQ, Financial analysis contributing to Leadership team decision making
• Substantial improvement of financial results predictability & accuracy (forecasting tool bridging statutory & measurement estimates & anticipating FX impacts)
• Simplification: leading initiatives around digitization, business intelligence, outsourcing processes to India
• Finance Spokesman with workers council (improvement of relationships during a period of multiple law cases), internal & external auditors
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GE Healthcare (General Electric Corp° )
- Finance Manager, Manufacturing - Europe
2003 - 2005
Global Product Lines for Mammography, Vascular, XRay Tubes, Magnets & Nuclear diagnostic equipments
Direct Team of 12 in France, UK, Hungary, Israel
• Driving Financial Planning & Productivity Analysis for 4 manufacturing plants
• Integration of these 4 plants into an EMEA Finance headquarter
• Implementation of a standardized monthly reporting package with financial & business indicators
• Creation & implementation of productivity & reporting tools (detailed rolling forecasts, enhanced production staffing models)
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Exodus Communications
- Manager of Finance, Tax, HR & Legal
2000 - 2003
• Set up the French legal entity ($70M investment) & managed the activity during 1+ year of rapid growth
• Set up of the Finance departments: Business Development (sales/prices strategy, RFP’s, sales contracts, project analysis, business models), Finance-Planning & Analysis (monthly closing, account & variance analysis, financial & business indicators definition, implementation of a financial & operational dashboard, reporting to Corporate), Accounting (French & US-GAAP accounting, cash management, legal fillings, internal control procedures), External Communication with rating agencies
• Legal, Tax & Human Resources: ensuring compliance with French trade, tax & social Laws; representing the company for Labor & Trade disputes; Organizing working contacts & payroll
• Oracle migration
• Acquisition & integration of GlobalCrossing Corp. French subsidiary
• Ran the company under Court Administration during 9 months following mother-company’s chapter 11, implemented 2 consecutive restructuring plans
• Successful $14M VAT credit claim with Tax Authorities after 2 legal accounting audits w/o adjustments
• Finalized the French company acquisition while under Chapter 11 (several projects, including a manager buy-out)
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IBM Global Services
- Financial Controller, e-Business Hosting Services Division - Western Europe
Bois-Colombes Cedex
1999 - 2000
IT Services: Strategic Outsourcings & System Integrations – France, Belgique, Luxembourg, Middle East, Africa
• Joined at the start of e-Business activities
• Business partner to Sales & Marketing
• New services lines launches: business plans & list prices definition, operational & legal risks assessment, terms & conditions, financial negotiations with strategic customers
• Set up the finance organization, re-shaped processes after the IBM network spin-off to AT&T, defined the business metrics, business controls & reporting systems, strengthened the price competitiveness & cost structure
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IBM Global Services
- Pricing Manager, e-Business Hosting & Network Services Division
Bois-Colombes Cedex
1998 - 1999
IT Services: Strategic Outsourcings & System Integrations – France, Belgique, Luxembourg, Middle East, Africa
• Assessing & pricing IT & Network Outsourcing projects for Strategic customers (over $20M): acquisitions, joint ventures, headcount & assets transfers, due diligences, financing, financial proposals
• IBM global network spin-off to AT&T: led Western Europe due diligence & crossed services pricing assessment
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EDS France (Electronic Data Systems)
- Pricing Analyst / Financial Controller
1996 - 1998
● Pricing Analyst:
Pricing/Costing pre-sales projects for Strategic Accounts
Financial Engineering (acquisition, joint ventures, financing), Due Diligences
● Financial Controller:
‘Bank & Insurance’ & ‘Oil & Gas’ business units ($80M Sales)
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Vinci (Campenon Bernard)
- Cost Controller
1994 - 1996
National Service - International Cooperation
4x 343MW power plant project in Pakistan funded by the World Bank ($130M)
